The sensor fusion market is expected to be worth USD 6.35 Billion by 2022, growing at a CAGR of 19.25% between 2016 and 2022. The base year considered for this study is 2015 and the forecast period is between 2016 and 2022. This report provides a detailed analysis of the sensor fusion market on the basis of technology, product type, end-use application, and geography. Sensor fusion technique intelligently combines multiple sensor data to provide information which cannot be determined from the individual sensor. Under the sensor fusion technology segment, MEMS and Non-MEMS technology has been covered in this report, while the product type segment includes inertial combo sensors, radar+image sensors, IMU+GPS, and temperature sensors+ pressure sensors+ humidity/ light sensors/ gas sensors.

To estimate the size of the sensor fusion market, top-down and bottom-up approaches have been considered in the study. This entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts. Also, the average revenue generated by the companies according to the region has been used to arrive at the overall sensor fusion market size. This overall market size has been used in the top-down procedure to estimate the sizes of other individual markets via percentage splits from secondary and primary research.

The sensor fusion market is expected to be worth USD 6.35 Billion by 2022, growing at a CAGR of 19.25% between 2016 and 2022. The major drivers for the growth are growing trend of integrating various sensors into the consumer electronics device such as smartphones, tablets, and wearable devices. The extensive use of fusion technology in consumer electronics devices for application such as navigation, optical image stabilisation, gesture recognition, orientation and position detection, activity tracking and others support the growth of sensor fusion market.

The consumer electronics and automotive applications hold the major share of the sensor fusion market. The home automation application is expected to grow at the highest rate in the sensor fusion market during the forecast period, followed by the automotive application. Among the consumer electronic applications, the smart phone, tablet and notebook segment is the largest contributor to the overall sensor fusion market. The market for inertial combo sensors is expected to hold the largest share of the market for product segment. The inertial combo sensor are majorly used in application such as automotive, military and consumer electronics product including smart phone, wearables, gaming consoles among other.

Among the technology segment MEMS-based sensors dominate the sensor fusion market. This can be attributed to the extensive usage of integrated IMU (inertial measurement units) sensors based on MEMS technology in motion sensing devices for applications such as enhanced gesture recognition, gaming, indoor navigation, and localization-based services.

The APAC region held the largest market share and is expected to grow at the highest rate. In APAC, the huge demand for consumer electronics and automobiles from countries such as China, India, Japan, South Korea, and among others is driving the market.

STMicroelectronics (Switzerland) is among the leaders in the sensor fusion market. The company strategically focuses on two major markets smart driving and Internet of Things for revenue. The company provides integrated motion sensors. In addition to this, the company also offers software modules for sensor fusion system. The company has primarily focused on new product development and new product launch strategy to expand its presence in the market. For instance, STMicroelectronics along with Mobileye (Israel) are co-developing Mobileyes EyeQ 5 system-on-chip, to be used as a central computer performing sensor fusion for fully Autonomous Driving (FAD) vehicles from 2020.

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